Finansal gelişme ve ekonomik büyüme arasındaki ilişkinin incelenmesi
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ŞAHİN, Hasan (Tez Danışmanı)
KUTLU, Mehmet Özgür (Yazar)
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The relationship between financial development and real sector has receivedconsiderable attention in economic literature for a long time. In this thesis, therelationship between financial development and real sector is examined for Turkeyusing the monthly data over the period of 1990-2013. BIST100 index is used torepresent the financial development and industrial production index is used torepresent the production level of real sector. Granger causality between these datasets is analyzed with Toda-Yamamoto (1995) method. The results of the analysisshow that there is unidirectional causality from financial development to real sectorand support the supply-leading hypothesis for Turkey.AbstractThe relationship between financial development and real sector has receivedconsiderable attention in economic literature for a long time. In this thesis, therelationship between financial development and real sector is examined for Turkeyusing the monthly data over the period of 1990-2013. BIST100 index is used torepresent the financial development and industrial production index is used torepresent the production level of real sector. Granger causality between these datasets is analyzed with Toda-Yamamoto (1995) method. The results of the analysisshow that there is unidirectional causality from financial development to real sectorand support the supply-leading hypothesis for Turkey.